Which is India's first private bank in the post-liberalization era?
AUTI Bank (now Axis Bank) — licensed 1993
BHDFC
CICICI
DKotak
Answer & Solution
Correct answer: A. UTI Bank (now Axis Bank) — licensed 1993
After 1991 reforms, private banking re-opened.
UTI Bank (renamed Axis Bank in 2007) was first new generation private bank, licensed 1993. Others: HDFC Bank (1994), ICICI Bank (1994), IndusInd (1994), Kotak Mahindra (2003 — converted from NBFC).
Keep practising Banking Awareness
Browse all Banking Awareness questions for IBPS Clerk, or explore more Banking Awareness topics.